China exports did increase 46% over previous year. Economist say this is evidence of a recovery. However, that is not what we see. States reports a shortfall in revenue. This is due to lower sales this year. Actually, states get most of their money from sales tax, but things are slow this summer. People are seeing big crowds at the dollar store as customers try to save some pennies. Sadly, many workers are reporting cuts in pay. Others say they are working less hours now. Cheap chinese imports are displacing US jobs even more.
No comments:
Post a Comment